$699,000
Investment Summary
- Monthly Cash Flow
- -$1,432
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.57
- Internal Rate of Return (5 years)
- -6.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Beautifully designed 3-bedroom, 2-bath home with a wide-open, SINGLE LEVEL, GREAT ROOM FLOOR PLAN AND A 3-CAR TANDEM GARAGE, set on an oversized, ultra-private lot with only one neighbor. You'll love the southeast-facing backyard - warm in the winter and cool in the summer. Located in the highly desirable gated community of Stone Butte. MOST FURNISHINGS AVAILABLE! The great room opens right into the kitchen and out to the backyard through a full wall of glass, creating a seamless connection between indoor comfort and outdoor living. The kitchen features clean white shaker cabinets, a designer tile backsplash, stainless steel appliances, and a large quartz island with seating for three -perfect for hosting friends or family. Warm wood-look tile runs throughout the home, tying everything together with a modern, comfortable feel. Step outside and it really feels like a resort. The backyard includes a heated, self-cleaning pool with stacked stone, glass tile water features, and two fire bowls that make for a stunning setting-especially at night. Travertine patios, lush artificial grass, and tropical landscaping provide both beauty and privacy. There's a covered patio with seating and string lights for cozy evenings, and a 4-person above-ground therapy spa that's perfect for relaxing after a long day.The primary bathroom has a spa-like feel too, with a frameless walk-in shower, marble-look tile, double sinks with quartz counters, and plenty of cabinet space. The second bathroom also has upgraded finishes, a walk-in shower with glass doors, and brushed nickel hardware throughout.This home blends style, comfort, and indoor-outdoor living in one of the best communities in the area. SELLERS ARE MOVING OUT OF THE COUNTRY. MOST FURNISHINGS AVAILABLE BY SEPARATE AGREEMENT. Here are more features: Friendly Gated Community Near The Preserve Oversized Lot With Only One Neighbor Resort-Style Backyard With Heated Pool Built In 2020 - Modern And Move-In Ready Spacious 3-Car Tandem Garage Classic White Shaker Cabinets Quartz Countertops Brushed Nickel Fixtures And Pulls Designer Tile Backsplash Stainless Steel Appliances Large Quartz Island With Seating For Three Opens To Great Room Wall Of Glass To Backyard Fully Loaded With Smart Homes Tech Tankless Water Heater For Instant Endless Hot Water No Carpet Anywhere Gray Porcelain Wood Look Tile Energy Efficient Quiet, But Close To Everything Tesla Charger Frameless Walk-In Shower Marble-Look Tile Double Sinks Quartz Countertops Plenty Of Cabinet Space Brushed Nickel Hardware Upgraded Finishes Walk-In Shower With Glass Doors Brushed Nickel Hardware Single Level Larger Lot 3-Car Tandem Garage Only One Neighbor Southeast Facing Backyard Heated, Self-Cleaning Pool With Stacked Stone Glass Tile Mosaic Water Feature Dual Fire Bowls Travertine Patios Lush Artificial Grass Tropical Landscaping Exterior Lighting 4-Person Above Groud Therapy Spa Professionally Designed Outdoor Living Cape Honeysuckles Huge Shade & Privacy Tree Hand Laid Paver Driveway Covered Patio Resort Style Living Gated Community Stone Butte: Gated Community Living with Resort-Style Amenities Stone Butte offers gated living with fantastic community amenities, including a private park with a children's playground, fire pit gathering area, built-in BBQs, bocce ball courts, shaded ramadas, and miles of biking and walking paths throughout the neighborhood. It's a perfect setup for staying active, connecting with neighbors, and enjoying the outdoors right at home. Beyond the gates, Stone Butte's location delivers unbeatable convenience. You're minutes from Desert Ridge Marketplace, High Street, and The Shops at Norterra offering some of Phoenix's best restaurants, shopping, and entertainment. Outdoor enthusiasts will love the quick access to 36 miles of hiking and biking trails in the Sonoran Preserve, while golfers and sports lovers are close to TPC Scottsdale, Wildfire Golf Club, and the Reach 11 Sports Complex. Commuting is easy with nearby 101 and 51 freeway access, and Sky Harbor Airport is just 20 minutes away. Stone Butte is also located in an A+ rated school district, close to Mayo Clinic Hospital, and surrounded by parks, museums, golf resorts, and mountain trails. Stone Butte is where convenience, community, and natural beauty come together to create the perfect lifestyle.
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Location
Property Details
Parking
- Description: Tandem
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Total): 2.0
Interior Features
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Stone Butte HOA
- HOA Fee: $135/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 21219013
- Lot Size: 5663 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 2020
Tax Information
- Annual Tax: $2,362
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,432
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.57
- Internal Rate of Return (5 years)
- -6.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $699,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$559,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $139,800 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $20,970 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $160,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,612 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $434 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.99 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $559,200 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 5.875% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $3,308 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $197 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $224 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $3,729 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 6% | -$197 | -$2,362 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$224 | -$2,688 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$256 | -$3,072 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$160 | -$1,920 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$160 | -$1,920 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 4% | -$135 | -$1,620 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 35% | -$1,132 | -$13,582 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,876 | $22,512 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$3,308 | -$39,696 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,432 | -$17,184 |